"Current valuations appear fair; Hold: Target Price S$1.00. At our target price, Ezra would trade at a FY14E P/E of 14.3x, higher than its historical average of 14.0x in light of healthy subsea prospects. Upside risks: strong new order wins; higher charter rates; better than- expected execution. Downside risks: vessel delay, execution and a sustained oil price plunge"
Deutsche Bank maintains 'hold' on Ezra Holdings | I Invest I Earn I Post
It always surprises me how many (even professionals) focus on P/E, because it is such an unreliable figure. The "E" you can send any way you want. Focussing on free cash flow and relating that the price gives you much more reliable info.